Trading Hammers (revisited)

I use Japanese Candlesticks in my trade methodolgy and Hammers (its sub-groups) are one of my favorites.

With that said, candlestick analysis should not be used alone and I prefer to use them as confirmation signals to what I already understand about the price action as a price action only trader (no indicators).

I'm hoping this thread becomes a continuation of a prior Hammer thread called Tradin Hammers.

However, if you don't believe in the merits of using Hammer patterns or think they don't work...

Instead of just showing up and saying Hammers don't work (admitting you failed at using them when others have not)...

Please post a recent chart of a failed Hammer pattern.

Hopefully I or someone else that uses Hammers can reply with helpful insights if we see something wrong with that particular Hammer pattern in your chart example.

Yet, if your chart is stock chart...I myself will not provide any analysis of such because I do not trade stocks (equities) nor do I have an understanding of its price action mainly because I'm unable to watch its price action in realtime or I don't have any live-recordings of its price action.

However, that doesn't imply someone else cannot reply to your Hammer discussion in relationship to a particular stock (equity).

Simply, one of the keys to using Hammer patterns properly is to understand the price action prior to any trade signals.

Further, if you ask anyone that's participating in this thread about Hammers in general...please post a chart example of a particular pattern in question.

In addition, you can do a keyword search here at ET on any past posts that I've discussed Hammer patterns via typing either NihabaAshi Hammers or NihabaAshi Hammer in the below ET search menu...

With that said, candlestick analysis should not be used alone and I prefer to use them as confirmation signals to what I already understand about the price action as a price action only trader (no indicators). NihabaAshi

Despite the fact that this looked like a good place to short, price meandered around above and below the hammer for the rest of the day. I would've expected a more forceful turnaround. It could be because natural gas is so thin in the middle of the day, but maybe you guys have suggestions as to why it didn't drop more powerfully.

I didn't exit this position because I took the short as part of a judicious roll of August to September contracts on a longer term trade.